WikiFX

Sagot

Based on my thorough review and personal approach to due diligence, I have significant reservations about the legitimacy of SCB for retail or forex trading activities. While the company promotes a strong focus on sustainability and carbon-neutral solutions, its regulatory situation raises multiple red flags for me. Their previous FCA license in the United Kingdom has been revoked, and their NFA registration in the United States is marked as expired, putting them out of good regulatory standing in both major jurisdictions. For me, proper, up-to-date regulation is non-negotiable. Without valid oversight, there is simply too much risk of poor client protection or lapses in operational standards. On top of that, despite SCB’s global reputation in environmental product markets, their core offerings do not include general investment or standard forex trading services for retail clients. This makes their platform fundamentally different from recognized forex brokers I would typically consider. The available user feedback also offers little to inspire confidence—it’s limited and centers more on the quality of their online platform and some dissatisfaction with customer service rather than trade execution or fund safety. In summary, given the revoked and expired licenses, “suspicious scope of business” indicators, and a lack of transparent information regarding fees and services for traders, I exercise extreme caution and do not consider SCB a legitimate or trustworthy choice for retail forex trading. This is one situation where, for my capital and peace of mind, I simply wouldn’t take the risk.